SBR market to grow 7% to 2019 – report

Dallas, Texas –The global styrene butadiene rubber (SBR) speculating the market is on track to grow at a CAGR of 7.36 percent to 2019, according to a recent research report.

The report, titled ‘Global Styrene Butadiene Rubber (SBR) Market 2015-2019’ from Sandlerresearch.org, says that consumers are increasingly opting for green tires as they are eco-friendly, fuel-efficient, and durable, and provide grip and reduce carbon emission.

“The Global SBR market can be segmented into two based on the type: E-SBR and S-SBR. S-SBR is widely being used because of the new tire labelling regulations and the preference toward the use of green tires,” noted the report.

The APAC region accounts for the major share of the market, with leading countries such as China and India contributing significantly to the global market.

Demand for high-performance tires and the implementation of tire labelling regulations are propelling the market, according to the report.

Many manufacturers from North America and Europe are setting up production plants in the APAC region because of low operation costs.

According to the report, key vendors in the market include Asahi Kasei, CNPC, Dynasol, Synthos, Zeon.